CREDIT INSURANCE • COLLECTIONS • CREDIT MANAGEMENT

The services listed below are specifically suited to Foreign Companies or Organizations that do not have a US or Canadian subsidiary but nevertheless need a structure in North America to provide these services.

Credit Insurance Services

1. Receive copies of all Purchase Orders during the Selling Season.
2. Submit all Customers on the Purchase Orders to the Credit Insurance Company to request Credit Insurance Coverage.
3. Notify the Company as to which Customers are insured and for what amount and which Customers are not insured.
4. Prepay the Credit Insurance Premium as soon as the Customers are approved.
5. Provide the Company with Credit Reports on Customers that have been denied by the Credit Insurance Comapny.
6. Monitor payments received and notify the Company as to which unpaid Invoices are near the date by which time a Claim has to be submitted to the Insurance Company.
7. Submit Claims to the Credit Insurance Company for Invoices that are overdue.
8. Monitor the Claims in order to get payment from the Credit Insurance Company as soon as possible.

Credit Management and Collection Services

1. Receive copies of all order confirmations sent by the Company to the Customers.
2. Receive copies of all the Invoices issued by the Company to US Customers and log them into the Accounting System.
3. Monitor the due dates of all the Invoices.
4. Solicit payments for Invoices that are almost due.
5. Solicit payments for Invoices that are past due.
6. Review with Company all Invoices that are more than 45 days past due.
7. After receiving authorization from the Company, submit to a Collection Agency Non Insured Invoices that are more than 60 days past due.
8. Receive payments from the Customers and log them into the Accounting System.
9. Contact Customers who take Credits or issue Charge Backs in order to deetrmine if they are valid.
10. Deposit checks received into the Bank Account.
11. Notify company of all payments received and deposits made.
12. Keep copies of all checks.
13. Keep track of post dated checks and deposit them as they mature.
14. Provide the Company with weekly reports on payments received and open invoices.
15. Process payments made via credit card by the Customers and log them into the Accounting System.

ITMAS • THE OUTSOURCING SPECIALIST
A SINGLE PARTNER • MULTIPLE SOLUTIONS